problem set 13

problem set 13 - matrix is given to you in several of the...

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Dr. Seiji Steimetz ECON 101 Department of Economics California State University, Long Beach Page 1 of 1 Problem Set 11 Please complete the following end-of-chapter “ Problems and Applications in Hubbard & O’Brien. I encourage you to work these problems in groups. Chapter 13 ± 1.7 ± 1.8 ± 2.6 ± 2.7 ± 2.9 ± 2.10 ± 2.13 ± 2.14 ± 2.18 ± 2.22 ± 2.23 ± 3.5 – part (a) only Important Notes 1. Be sure to look at “ Review Questions ” 1.1 through 1.3, and 2.1 through 2.5 (you can ignore the rest). 2. Make sure that you know how to construct a payoff matrix. Although a payoff
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Unformatted text preview: matrix is given to you in several of the above problems, you will be expected to create one based on written information about players, strategies, and payoffs. One good way to practice this is to look at the information given in Solved Problem 13-2 on page 448, then see if you can reproduce the payoff matrix shown on that page. Another is to review the information given in the Duopoly Game: Price Competition Between Two Firms section beginning on page 445 to see if you can reproduce Figure 13-2....
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This note was uploaded on 02/11/2010 for the course ECON 101 taught by Professor Steimetz during the Fall '08 term at CSU Long Beach.

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